For homeowners considering installing solar panels, there are 5 things you should know about residential solar. As more and more people decide to switch to renewable energy options like solar power, keep these considerations in mind:
1. You may be eligible for group solar discounts. Before you enter into a contract to install home solar panels, check out sites like One Block Off the Grid, which may be able to secure a group discount for you and other homeowners in your neighborhood or region.
2. Residential solar panels improve the value of your home. Despite concerns about the initial investment associated with solar panels, you can recoup the costs both in lower energy bills and an increase in $20 of home equity for every $1 you save in annual electricity bills.
3. A solar home is more affordable today than two years ago. Solar panel prices have fallen dramatically in recent years. Experts predict that the costs will continue to decline as we approach grid parity – the point at which solar power is as affordable as coal.
4. Solar tax incentives and rebates may be ending soon. In just a few years, if not earlier, federal solar incentives and rebates that allow you to save 30% may end in the U.S. If you are thinking about solar power, now is the time! Solar rebates and tax incentives will not last forever.
5. Low profile solar panels via solar shingles help minimize aesthetic impacts. If you would like to install solar panels but are worried about the impact on the appearance of your home, solar power shingles may be your answer. They look like regular asphalt shingles, but generate clean solar electricity like their bulky photovoltaic (PV) panel counterparts!
Residential solar is becoming mainstream as more homeowners realize the savings they can recoup by going solar.
If you are considering making the switch, what considerations are on your mind?